The market momentum remains always favourable for Inditex. The growth pace was maintained in Q3 with an 11% surge in sales over the first nine months (+11% in H1) to reach €16.4bn. The strengthening euro has hit the performance only mildy as the sales increase amounted to 14.5% in local currencies. Margins have retreated slightly due to a 90bp slump in the gross margin (57.9%). EBIT was up 9% to €2.8bn, i.e. an operating margin of 17.2% vs. 17.5% a year earlier. Net income came to &
14 Dec 2016
Always living up to promises
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Always living up to promises
Industria de Diseno Textil, S.A. (ITX:WBO) | 0 0 1.6% | Mkt Cap: 83,713m
- Published:
14 Dec 2016 -
Author:
Rim BEN SALAH -
Pages:
2
The market momentum remains always favourable for Inditex. The growth pace was maintained in Q3 with an 11% surge in sales over the first nine months (+11% in H1) to reach €16.4bn. The strengthening euro has hit the performance only mildy as the sales increase amounted to 14.5% in local currencies. Margins have retreated slightly due to a 90bp slump in the gross margin (57.9%). EBIT was up 9% to €2.8bn, i.e. an operating margin of 17.2% vs. 17.5% a year earlier. Net income came to &